2012 Hyundai Elantra Gls on 2040-cars

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Hyundai Motor Group promotes heir apparent

SEOUL — Hyundai Motor Group promoted heir apparent Euisun Chung on Friday to a role of overseeing the conglomerate, moving him a step closer to succeeding his octogenarian father as head of South Korea's second largest group. Chung, 47, who will assist his father and group chairman Mong-Koo Chung, was appointed as executive vice chairman to respond to "deteriorating global trade issues and changes in competitive dynamics in major markets," Hyundai Motor Group said in a statement. Chaebols like Hyundai and Samsung Group, which have grown into global firms from the rubble of the 1950-1953 Korean War, are undergoing a transfer of power to third- or fourth-generation leaders. "In his new capacity, Executive Vice Chairman Euisun Chung will oversee the entire Group's operations, aiding and reporting to Chairman Mong-Koo Chung," the statement said. The appointment also comes as Hyundai battles tumbling profits, mounting pressure from activist shareholders to improve its governance, and amid South Korea's trade tensions with the United States that threaten to disrupt its production plans. "This is a good sign," Park Yoo-kyung, a director at Dutch pension fund APG Asset Management, said of the appointment. "This will enhance transparency about who is controlling the group and who is making key strategic decisions," she said. Generational shift The junior Chung, currently vice chairman of the group's crown jewel, Hyundai Motor Co, has stepped up in recent years, attending motor shows and government meetings with business leaders on behalf of his 80-year-old father who has made few public appearances. Shares in Hyundai Motor ended up 0.8 percent on Friday, and affiliate Kia Motors fell 0.3 percent in a wider market that rose 1.4 percent. Chairman Chung, the all-powerful boss, has presided over Hyundai for about two decades, transforming the company into the world's fifth-biggest car maker along with Kia Motors. Hyundai is now struggling to reverse slowing sales in China and the United States, where the company has suffered due to its delayed response to booming demand for SUVs. The appointment is part of an effort to "improve future competitiveness and secure future growth engines" at a time when the auto industry is undergoing major changes, the group said. The junior Chung has led the group's efforts to develop future vehicles such as autonomous and connected cars, as well as Hyundai's fledging premium brand Genesis.

2013 Hyundai Santa Fe probed by NHTSA over axle failure

According to Reuters, the National Highway Traffic Safety Administration has launched a preliminary evaluation of the 2013 Hyundai Santa Fe after receiving two complaints of broken front axles on vehicles with fewer than 5,000 miles on their odometers. Naturally, a broken axle could result in the loss of control of the vehicle, especially if it occurs at high speed. It's not immediately clear if the investigation centers on the five-seat Sport, the seven-seat model or both.
No actual recall has yet been issued, and "no safety defect has been identified," according to a statement Hyundai released to Reuters, which added, "Hyundai will, of course, take any actions necessary to ensure the safety of our customers if the information gathered during the investigation indicates that action is appropriate."
We suppose you could sum up the report this way: 2013 Santa Fe owners, stay tuned.

2018 Hyundai Tucson Sport introduced with new engine

The 2018 Hyundai Tucson Sport its getting its own exclusive engine to help separate it from the rest of the Tucson lineup. It will also get some bragging rights over rivals like the Toyota RAV4. Now, don't get too excited and imagine yourself racing Mustangs and Camaros in your Hyundai-badged compact SUV. The Tucson Sport comes exclusively with a 2.4-liter 4-cylinder engine that delivers 181-horsepower and 175 lb-ft of torque. This does make the Tucson Sport the most powerful variant in the Tucson range - though the differences are pretty modest. The standard 2.0-liter four-cylinder offers 164 hp and 151 lb-ft of torque, while the optional 1.6-liter turbocharged four serves up 175 hp and 195 lb-ft. Coupled to a six-speed automatic transmission with a SHIFTRONIC manual mode, buyers have a choice of front- or all-wheel-drive. Standard features on the Sport include 19-inch alloy wheels, blind spot warning, proximity key with push-button start, a leather wrapped steering wheel and shift-knob, and dual-zone automatic temperature control. The 2018 Tucson Sport in front-wheel-drive format starts at $25,150, while the Sport equipped with AWD has a starting MSRP of $26,550. This puts the Sport model right in the middle of the Tucson range, which stretches from the base SE model at $22,550, upward to $30,825 for the Limited trim fitted with the turbo four-cylinder and AWD. Related Video: Hyundai SUV hyundai tucson